Congress has passed and President Trump is expected to sign into law a broad package of reforms aimed at the IRS. The Taxpayer First Act contains several new protections for taxpayers

The IRS has announced that it will begin accepting paper and electronic tax returns for the 2018 tax year on January 28, but much remains to be seen about how the ongoing shutdown of the federal government...

The IRS has issued new guidance that could exclude from gross income any discharged debt that is secured by the ownership interest in a disregarded entity.

As retirement plan processes continue to be more automated, such as enrollments, deferral changes, distributions, loans, etc., many plan sponsors encourage 401(k) plan participants...

Are you considering updating part of your restaurant or retail space and not sure of the tax implications?

Did you know that you can deduct work-related expenses, professional advisor fees and even job search costs on your federal tax return?

In this issue, "Tax Tips" reminds readers that generally, alimony is deductible by the payer and taxable to the recipient.

Just before the end of 2017, President Trump signed into law the Tax Cuts and Jobs Act (TCJA).

Cyber-attacks are on the rise and manufacturing companies are not immune. Manufacturers who rely on automation, robotics and connected networks are especially vulnerable.

These can raise accounting questions, complicate tax filings and require special storage or security.

The goal of profitable manufacturers is to make as many products with as few resources as possible. With the economy continuing its uncertain path, getting ahead of cost savings is important.

The practice of law is almost always stressful, but current conditions make this period and the near future more anxiety-producing than ever.

The Employee Retention Credit (ERC) is a valuable tax credit designed to encourage employers to keep employees on the payroll despite the COVID-19 pandemic's impact...

Congress passed the Consolidated Appropriations Act (the "Act") yesterday which includes a new round of COVID-19 stimulus. President Trump is expected to sign the Act into law this week.

Among the top patient complaints is waiting too long to see a doctor. And all too often, it is with good reason — practices simply do not implement good scheduling practices.

Where your not-for-profit organization is located and how you use the space you have can make a significant difference in the overall success of the organization.

The IRS has released a second set of proposed regulations on the new tax incentives for investments in Qualified Opportunity Zones (QOZs).

You may have heard the term ESG, but what does it mean? ESG stands for environmental, social and governance.

In today's world, most business and medical practices do not suffer from being too efficient in their operations.

The Illinois Secure Choice Savings Program Act requires certain employers within Illinois to either participate in the state-run retirement plan or to offer employees a different qualified employer-sponsored retirement plan.